ED arrests Jet Airways founder Naresh Goyal in Rs 538-cr bank fraud case

The Enforcement Directorate late Friday night arrested Jet Airways founder Naresh Goyal in a money laundering case linked to an alleged bank fraud of Rs 538 crore at Canara Bank, official sources said.

Sources said Goyal (74) was taken into custody under the Prevention of Money Laundering Act (PMLA) following a long session of questioning at the ED office in Mumbai. He is expected to be produced before a special PMLA court in Mumbai tomorrow where the ED will seek his custody.